The Classroom - Episode 5 - Sole Proprietorship & LLPs

If you are starting a one-man business and running the firm from your own house or a small office do you really need to incorporate a company? Should you adhere to the various compliances and regulations that a private company has to deal with? The answer is no because you have options to run your business as a Sole proprietorship or as a Limited Liability Partnership (LLP) if you have partners. Amit Manubarwala, Partner at one of India's oldest law firms, Wadia Ghandy, explains what these terms really mean and guides us through its intricacies of LLP and Sole proprietorship in this episode of Classroom Show.